Multiple Choice
Choose the one most appropriate answer for each.
-a refinanced loan wherein the lender combines the interest rate of the existing loan with a current rate
A) adjustment period
B) adjustable rate mortgage (ARM)
C) blanket mortgage
D) blended-rate loan
E) buy-down mortgage
F) carryback financing
G) contract for deed
H) equity mortgage
I) equity sharing
J) graduated payment mortgage
K) interest rate cap
L) negative amortization
M) option
N) overencumbered property
O) package mortgage
P) payment cap
Q) reverse mortgage
R) sale and leaseback
S) subordination
T) wraparound mortgage
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Choose the one most appropriate answer for
Q27: The _ is added to the index
Q28: FIRREA and the Community Reinvestment Act provided
Q29: All of the following may be used
Q30: Choose the one most appropriate answer for
Q32: A company wishing to raise capital by
Q33: The margin is for the lender's cost
Q34: Choose the one most appropriate answer for
Q35: Which of the following involves the greatest
Q36: The Asset Integrated Mortgage is designed to